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2017-04-13 13:51:01

WLL

Whiting Petroleum

$8.84

-0.095 (-1.06%)

13:51

04/13/17

04/13

13:51

04/13/17

13:51

Whiting Petroleum with a notable call spread

Whiting Petroleum with a notable call spread. 10K May 10 - Apr 11 call spreads bought for 32c. The spread has traded 11.5K and, with shares down 10c to 8.83, likely rolls a bullish play to May from April, down one strike price. Whiting saw notable flow yesterday as well with buyers opening a net 11.4K contracts at the Sep 10 call strike. Earnings 4/26.

Cowen analyst Charles Robertson said Whiting Petroleum delivered strong Q4 results. He said the company's enhanced well completions and longer lateral results should calm investor concerns. Robertson recommends buying Whiting Petroleum on any weakness and reiterated his Outperform rating and $19 price target on the shares.

03/23/17

UBSW

03/23/17DOWNGRADETarget $8UBSWSell

Whiting Petroleum downgraded to Sell from Neutral at UBS

UBS analyst Betty Jiang downgraded Whiting Petroleum to Sell saying the company is one of the Exploration & Production names most at risk of scaling back if oil prices remain weak. The analyst remains "unconvinced" by Whiting's execution track record particularly in the Niobrara. She lowered her price target for the shares to $8 from $12.